Helping Your Clients After a Natural Disaster

Helping Your Clients After a Natural Disaster

If you have clients in Puerto Rico or Florida, please consider sharing the Consumer Financial Protection Bureau’s consumer guide, Your Reverse Mortgage After a Natural Disaster.

The resource guide provides instructions for handling property damage caused by a natural disaster, steps to take if your client needs to leave the home while repairs are completed, options for delaying payment of property taxes, how to deal with the insurance company, and how to seek help.

This comes on the heals of the Biden Administration announcing this week federal disaster relief measures for homeowners in Puerto Rico impacted by Hurricane Fiona, which includes a 90-day moratorium on foreclosures of FHA-insured mortgages, including HECMs. Similar actions are anticipated for Florida residents once Hurricane Ian moves on.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.